Artificial Intelligence Industry News

India's Proho Raises $1 Million Pre-Seed to Bring AI-Powered Guaranteed Home Resale to a $60 Billion Market Stuck in Manual Workflows

Founded by IIT Bombay alumni and a former poker startup co-founder, Proho uses AI valuation models to guarantee home sales in Noida's micro-markets - where transactions currently take months and pricing uncertainty is the core problem

Zurich Startup Lobby Raises $2.2 Million to Automate the Travel Industry's Most Manual Workflow - Group Bookings That Still Arrive by Email

Backed by Founderful and GetYourGuide co-founder Pascal Mathis, Lobby processes complex group booking requests in 30 seconds, cutting response times 75% and lifting conversion rates by up to 15%

Oracle Cuts Up to 30,000 Jobs in One of Its Largest Layoffs Ever as AI Infrastructure Spending Creates a Cash Crisis

Employees across the US, India, Canada, and Mexico received termination emails at 6 AM with no warning as Oracle burns through cash to fund a $50 billion capital expenditure plan it cannot sustain with current revenue

Nvidia Invests $2 Billion in Marvell and Opens Its AI Ecosystem to Custom Chips as the GPU Giant Plays Defense Against Custom Silicon Rivals

The deal ties Marvell's XPUs and photonics expertise directly into Nvidia's NVLink Fusion platform, sending Marvell shares up 13% and signaling that Nvidia's strategy is now ecosystem dominance, not just GPU dominance

Chainalysis Launches AI Agents for Blockchain Crime Investigation as Crypto Theft Hits Record Highs

Fraud networks are already using AI to scale crypto crime operations - Chainalysis is betting that agentic blockchain intelligence is the only symmetrical response

AI Business Weekly - March 31, 2026: Big Tech Is Using AI to Justify Mass Layoffs - And It's Working

Five stories revealing how Big Tech is pointing to AI for mass job cuts, Mistral raises $830M to build European AI infrastructure, Microsoft hires the Allen Institute CEO, an AI system passes peer review, and Starcloud hits $1.1B building data centers in orbit

Mistral AI Raises $830 Million in Debt From Seven Banks to Build Its First Data Center Near Paris, Powered by 13,800 Nvidia Chips

Europe's leading AI lab secures its first-ever debt financing to break free from dependence on US cloud providers - with plans for 200 megawatts of European AI compute capacity by end of 2027

Big Tech Is Using AI to Justify Mass Layoffs - But the Real Story Is More Complicated Than the Press Releases Suggest

An AI System Just Wrote a Research Paper That Passed Peer Review - and Science Has No Clear Answer for What Comes Next

Sakana AI's "The AI Scientist" autonomously generated ideas, ran experiments, wrote a manuscript, and passed peer review at a major ML conference workshop - at a cost of $140 in 15 hours

Starcloud Raises $170 Million at $1.1 Billion Valuation to Build AI Data Centers in Orbit - Becoming Y Combinator's Fastest Unicorn

The Redmond startup launched its first satellite with an Nvidia H100 GPU just 17 months after YC demo day and is now racing SpaceX, Blue Origin, and Google to move AI compute off Earth entirely